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How To Make Money In Web3 In Nigeria | 2 Best Ways

 

By Reel Coverage Dec 28, 2024

 

 

 

You can make money in web3 from Nigeria doing regular things you do daily for free and at no extra cost.

 

The most appealing aspect of making money in web3 is that with available opportunities, you can begin with no initial investment and potentially earn between $100 and $1,000 monthly. In this article, we will explore two of the most promising web3 opportunities available to Nigerians.

 

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Understanding Web3 Opportunities

 

The fundamental design of Web3 is centered on the principle of ownership, which is intricately linked to the concept of incentives within the cryptocurrency ecosystem.

 

This design indicates that the industry largely operates by incentivizing users in various capacities. For many traditional observers, this concept may appear to be inherently unsustainable, leading to a tendency to dismiss it outright.

 

However, can such judgments be considered valid?

 

The short answer is no.

 

Web3 incentives are not inherently unsustainable, as they are not structured like a Ponzi scheme. In addition to incentives, there are inherent risk factors that promote integrity among participants, thereby encouraging genuine contributions and curbing potential exploitative behavior.

 

Why is this information crucial for generating income in Web3, particularly for Nigerian participants?

 

This is an important question, and the straightforward answer is that understanding these principles is vital for engaging ethically with the platforms discussed here. Exploitative behavior can result in financial loss and significant time wastage.

 

2 Best Ways To Make Money In Web3 As A Nigerian 

 

There are various ways to make money in the Web3 ecosystem, applicable not only to Nigerians but also to individuals globally.

 

Web3 presents a diverse array of opportunities, including incentives for micro-tasks, marketing campaigns, contests, and programs focused on learning and earning, as well as job offerings and much more.

 

The platforms highlighted below serve as excellent starting points for your Web3 journey, with the top recommendation being particularly suitable for beginners, especially for those who may have limited liquidity or capital.

 

1. INLEO: Earn For Social Interactions and Content

 

Have you ever considered the possibility of earning income through a social media platform? While premium features on platforms like X (formerly Twitter) offer monetary incentives, imagine the opportunity to receive compensation from day one, without any financial investment or an established follower base.

 

For newcomers, INLEO presents an ideal solution, having successfully operated for over four years. Last year, its ecosystem distributed over $6,344,255 to its users, with an impressive 19% of its community members hailing from Nigeria.

 

It is possible that your Nigerian acquaintances have been privy to this advantageous opportunity or to put it simply: your friends go don hide this update from you. :)

 

As you embark on your journey in the Web3 space, remember to Icoverage for your success.

 

Jokes aside, what is INLEO?

 

INLEO is a decentralized blogging platform built on the Hive Blockchain. It allows users to create a variety of content, ranging from concise posts akin to tweets to comprehensive articles similar to those on Medium. Participants can earn cryptocurrency rewards in multiple forms, including Hive, Dash, LEO, and HBD (a stablecoin comparable to USDT), among others.

 

In addition to traditional text-based content, INLEO also accommodates short video blogs (v-blogs). Notably, users do not need to produce extensive technical articles to qualify for rewards; engagements through reading and commenting on fellow community members' contents are also rewarded.

 

The INLEO platform operates on a tokenization model, wherein rewards are directly linked to stakeholder participation—essentially community members who stake their tokens. The votes of these stakeholders are instrumental in the reward distribution process, thereby promoting authentic engagement and meaningful contributions from creators within the community.

 

Register for INLEO using your Google account and potentially earn up to $100 each month through a social media platform. Connect with fellow Nigerians whose earnings and accumulated tokens are public. Engage ethically and responsibly within the community to achieve comparable success.

 

2. Superteam Earn: Sell Your Talent 

 

In contrast to INLEO, which is primarily suited for beginners, Superteam Earn demands a higher level of work from its users. As a competitive platform, it centers on directly contesting with other users for rewards, establishing itself as a web3 contest platform with a strong emphasis on talent.

 

Superteam Earn offers a diverse range of opportunities, including gigs, content bounties (essentially contests for content creation), grants, and numerous other initiatives.

 

To date, Superteam Earn has facilitated earnings exceeding $160,000 among Nigerian participants, positioning itself as one of the fastest-growing ecosystems within the web3 landscape.

 

As a competitive platform, users are competing against over 1,000 participants in Nigeria and more than 56,000 contestants worldwide for various bounties. It is worth noting that different contests cater to various skill sets. Some contests focus on writing technical articles that promote specific projects on platforms such as X(formerly Twitter), Medium, or personal websites, while others may center on design, video content, or programming.

 

Rewards vary significantly and are determined solely by contest sponsors, with some prizes reaching as high as $1,000 for first-place winners.

 

You can browse the list of available bounties here — goodluck hustler.